Modelling Inflation Dynamics: A Critical Review of Recent ResearchDivisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, 2005 - Inflation (Finance) - 42 pages |
Common terms and phrases
Adam Copeland Athanasios Orphanides Brian Sack central bank coefficient December detrended GDP detrended output discounted sum econometric models econometric Phillips curves Economics Discussion Series Egon Zakrajsek empirical inflation evidence Federal Reserve firms forecasting forward-looking behavior framework future labor shares Galí and Gertler GDP gap GMM estimation Granger causality H-P filtered hybrid model hypothesis implied inflation dynamics inflation equations inflation process inflation rate inflationary pressures instrument set Interest Rates John Karl Whelan Keynesian lags of inflation long-run tradeoff Lopez-Salido 2005 Lucas critique Macroeconomic Mark Gertler measure of inflationary model of inflation Monetary Policy NAIRU natural rate new-Keynesian models new-Keynesian Phillips curve NKPC NKPC model obtained October optimal paper parameters potential potential output price rigidities provides proxy for real rational expectations rational forward-looking real marginal cost reduced-form Robert Robert Solow role Sbordone Solow Sticky Prices supply shocks Takeshi Kimura theoretical unemployment variables Woodford